What changes to certification and recertification policies is ACAMS making?

FAQ by language:

We are making changes to:

  1. the eligibility requirements to CAMS,
  2. the recertification requirements for CAMS, and
  3. the number of CAMS credits an individual can earn from webinars.

1. CAMS Eligibility Requirements

  • What is the change to CAMS eligibility requirements?

    We are changing the number of qualifying credits one can attain for education past a master’s degree, as well as the number of qualifying credits one can attain for work experience.  Although 40 qualifying credits are still required, this change means that applicants with a JD degree or a PhD can qualify based solely on education, and those applicants with 4 verified years of financial crime compliance work experience can qualify solely based on their experience.  In addition, we will not be asking for references.

    Old Requirements

    • Active ACAMS membership
    • 40 qualification credits required from a combination of the following:

    Education
    • 10 credits for Associates
    • 20 credits for Bachelors
    • 30 credits for Masters

    Work Experience
    • 10 credits for each year of anti-financial crime compliance experience, up to 30 credits maximum

    Training
    • 1 credit for each hour of anti-financial-crime related training

    New Requirements

    • Active ACAMS membership
    • 40 qualification credits required from a combination of the following:

    Education
    • 10 credits for Associates
    • 20 credits for Bachelors
    • 30 credits for Masters
    40 credits for JD/Ph.D.

    Work Experience
    • 10 credits for each year of anti-financial crime compliance experience, with no limit

    Training
    • 1 credit for each hour of anti-financial-crime related training

  • Why is ACAMS making the changes to certification eligibility?

    We review our eligibility requirements as needed based on feedback from both candidates and employers. The changes to increase the qualifying credits that can come from higher levels of education and work experience reflect this feedback and we believe will simplify the process for many candidates.

  • When will the new eligibility requirements take effect?

    The new requirements take effect upon publication of our new web application form with the changes, which will occur in early November.

  • If my application was previously rejected but would qualify under the new requirements, can I re-apply?

    Yes, you can re-apply once these new requirements take effect.

2. CAMS Recertification Requirements

  • What is the change to CAMS recertification requirements?

    Previously, 60 recertification credits were required. You could gain a certain number of those credits based on work experience and a certain number based on membership in ACAMS. Additionally, 12 of the education credits had to come from ACAMS-provided offerings.

    The new requirements will lower the overall number of credits required, but will focus only on education credits. For those who recertify on or after January 1, 2021, the requirements will be 30 credits based one continuing education, with 15 of those credits coming from ACAMS-provided offerings. Work experience and membership will no longer count towards the recertification credit requirement, although maintaining an active membership in ACAMS is still a requirement.

    If you recertify CAMS before January 1, 2021, your recertification requirements are:

    • Active ACAMS membership
    •A total of 60 continuing education credits must be accumulated within a three-year cycle.

    • You can receive 8 credits per year for work experience, up to 24 credits
    • You can receive 4 credits per year for ACAMS member, up to 12 credits
    • Twelve (12) of the remaining education credits must come from ACAMS-provided offerings

    If you recertify CAMS after January 1, 2021, your recertification requirements are:

    • Active ACAMS membership
    • A total of 30 continuing education credits must be accumulated within a three-year cycle.

    • Fifteen (15) of the continuing education credits must come from ACAMS-provided offerings
    • Work experience and membership do not count towards the continuing education credits

  • Why is ACAMS making this change to CAMS recertification requirements?

    The primary reason for this change is to simplify our recertification requirements and make them clearer for certified members to understand and meet. The purpose of recertification is to ensure that those with an active CAMS certification maintain their knowledge via continuing education, and we are therefore focusing the credit requirements for recertification on the education component.

  • Are recertification deadlines changing?

    No, CAMS recertification will remain on the three year cycle, requiring continuing education credits to be accumulated by December 15th of your recertification year, and with the application submitted by December 31st. Other policies also remain in place, such as:

    • Applicants will not be granted continuing education credits for activities completed prior to obtaining their CAMS credential or their most recent recertification.
    • Additional credits earned past the required 30 cannot be rolled over to the following cycle.

  • Do I still need to be a member of ACAMS to recertify CAMS?

    Yes. The membership requirement associated with CAMS has not changed. An active ACAMS membership is required for you to maintain CAMS. You are expected to renew your membership on an annual or multi-year basis in order to maintain your CAMS credential.

  • When does this take effect?

    The new requirements take effect for those due to recertify on after January 1, 2021.

  • I attained CAMS or last recertified in 2016 or 2017. Does this change take effect for my next recertification?

    No, those who attained or recertified CAMS in 2016 or 2017 will be due for recertification at the end of 2019 or 2020. You will recertify under the existing recertification requirements.

  • I attained CAMS or recertified in 2018. Does this change take effect for my next recertification?

    Yes, those who attained or recertified CAMS in 2018 will be due for recertification at the end of 2021. You will recertify under the new recertification requirements.

  • I attained CAMS or am due to recertify in 2019. How does this change impact me?

    If you earned CAMS in 2019, you will be due for recertification in 2022, and will recertify under the new requirements.

    If you are due to recertify CAMS in 2019, you will recertify under the existing requirements. The new requirements will then take effect for the recertification cycles that follow.

  • I am not familiar with the requirements associated with ACAMS-provided offerings. What is that requirement now and what will it be under the new requirements?

    A certain number of your continuing education credits must come from courses or events offered and provided by ACAMS. The current requirement is that a minimum of 12 CAMS credits must come from ACAMS-provided offerings; the new requirement will be a minimum of 15 credits from ACAMS-provided offerings.

    Even if ACAMS has approved a third party’s event for CAMS credits, that does not mean these credits count towards this part of the requirement. Those credits must be attained by completing credits from courses or events provided by ACAMS directly.

3. Webinars credit rules

  • What are the changes ACAMS is making to the credits I can earn as an individual from free webinars?

    Currently, your individual ACAMS membership includes the ability to take unlimited free ACAMS webinars, including past webinars archived on our Learning Management System, and count those webinars towards recertification. Beginning on January 1, 2021, individual members will be eligible to earn up to 2 CAMS credits per year through free ACAMS webinars. As a member, you will still have full access to the recorded webinar archive and all free webinars, and you will be able to earn additional CAMS credits throughout the year by attending paid webinars. Non-ACAMS members are eligible to earn credits only through participation in paid webinars.

  • I find webinars a very convenient way to earn CAMS credits. Will I still be able to earn my continuing education credits exclusively through webinars?

    Yes, please note that this policy applies to the number of CAMS credits an individual member can earn from free webinars (live or recorded). You can still earn an unlimited number of CAMS credits through paid webinars, as long as you watch the webinar in full. Please note that simply registering for a webinar, whether paid or free, does not entitle you to CAMS credits. The webinar must be viewed in full for credits to be earned.

  • When does this take effect?

    This policy takes effect on January 1, 2021.

  • Does this mean that as an individual member I will no longer have access to the recorded webinar archive?

    As a member, you will still have full access to the recorded webinar archive and all free webinars. The change is to how many of these webinars can be counted towards CAMS credits for recertification. When this new policy takes effect, as an individual member you will only be able to earn 2 CAMS credits per year for free webinars.

  • Does this impact enterprise members?

    No, enterprise membership is comprised of different components than individual membership and eligibility to earn CAMS credits can vary.